Lundin Mining : increases credit facility to $800 million

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(Reuters) - Diversified Canadian miner Lundin Mining said on Wednesday it amended a credit agreement that increases its secured revolving credit facility by $250 million to $800 million.

The Toronto-based company, with an option to raise the credit facility by another $200 million, said it had also extended the agreement term to August 2023, from October 2022.

Lundin, which has a market value of C$4.40 billion ($3.31 billion), said the "low-cost facility" and cash flow from operations would help it to maintain significant financial liquidity and flexibility.